Mr. Speaker, my colleague obviously understands the difficulties people are experiencing and the challenges ahead. We all know the importance of the bill. Therefore, I would like the hon. member to comment on some of the witness testimony.
Tyler Sommers said:
—Canada's big six banks have reported new record first quarter profits totalling $7 billion (up 5.3% compared to 2011) while raising banking fees and cutting jobs in the sector...
Duff Conacher from the CCRC explained:
Past government actions have been ineffective in ensuring Canada's big banks and other companies are not making excessive profits from gouging customers and cutting services and failing to lend to job-creating Canadian businesses.
Could he comment on how important it is for us to at least put in place the amendment the NDP has put forward, which talks about transparency and accountability?